# Dollar rises from two-week low after U.S. jobs surprise

> The dollar rose from a two-week low after a strong US jobs report, while the euro still gained 0.1% to $1.1455 and was up 1.7% on the week. The euro's gains followed the ECB's hawkish turn.

- Date: 2022-02-04 · published 2022-02-04T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/9876-dollar-rises-from-two-week-low-after-u-s-jobs-surprise
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger dollar on firm US employment data pressures dollar-priced commodities, while the euro's weekly gain reflects ECB rate expectations that shape currency-driven import costs for feed buyers.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-02-04 | 5 | +2.6% | 3.5 | Confirms the euro was up 1.7% on the week at $1.1455 on the ECB's hawkish turn, despite a small dollar bounce after US jobs data. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-12-06 | [Dollar gains after stronger-than-expected U.S. jobs report \| Reuters](https://feedsoft.ai/events/55796-dollar-gains-after-stronger-than-expected-u-s-jobs-report-reuters.md) | -0.4% | -1.1% |
| DXY | 2023-02-06 | [Australia, NZ dollars nurse heavy losses after hot U.S. jobs data; RBA next up - Markets - Business Recorder](https://feedsoft.ai/events/37591-australia-nz-dollars-nurse-heavy-losses-after-hot-u-s-jobs-data-rba-next-up.md) | +0.5% | +0.8% |
| DXY | 2016-11-15 | [Dollar hovers at 11-month high after upbeat U.S. data](https://feedsoft.ai/events/7744-dollar-hovers-at-11-month-high-after-upbeat-u-s-data.md) | +0.2% | -0.4% |
| DXY | 2024-02-02 | [South African rand drops as dollar jumps on US jobs report](https://feedsoft.ai/events/31946-south-african-rand-drops-as-dollar-jumps-on-us-jobs-report.md) | +0.6% | +0.6% |
| DXY | 2022-07-29 | [U.S. dollar soared Friday while Yen plunged in the red](https://feedsoft.ai/events/40737-u-s-dollar-soared-friday-while-yen-plunged-in-the-red.md) | -0.2% | +0.8% |
| EURUSD | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | +1.6% | -1.2% |
| EURUSD | 2022-10-04 | [Euro US Dollar Soars as Eurozone PPI Data Surprises Investors This is](https://feedsoft.ai/events/9333-euro-us-dollar-soars-as-eurozone-ppi-data-surprises-investors-this-is.md) | -0.5% | +0.6% |
| EURUSD | 2020-03-24 | [Euro-Dollar Rate Jumps Above 1.08 As US Services-Sector Confidence Slumps To Record Low](https://feedsoft.ai/events/11348-euro-dollar-rate-jumps-above-1-08-as-us-services-sector-confidence-slumps-to.md) | +2.4% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/dollar-set-bruising-week-after-ecb-boe-get-more-hawkish-2022-02-04/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.